$18M Raised for Decentralized Internet
DAWN raised $18M to revolutionize internet access with decentralized, multi-gigabit wireless technology on Solana.
The Deets
- Funding Success: $18M raised led by Dragonfly Capital.
- Key Investors: Includes 6thMan Ventures, Wintermute, ParaFi Capital, Robot Ventures, EV3 Ventures.
- Technology Focus: Decentralized broadband with multi-gigabit wireless on Solana.
- Accessibility Goal: Aims to make internet cheaper and decentralized.
The Bulk
DAWN, a pioneering project in the decentralized internet space, successfully raised $18 million in a funding round led by Dragonfly Capital. The project is backed by notable investors such as 6thMan Ventures, Wintermute, ParaFi Capital, Robot Ventures, and EV3 Ventures, highlighting the strong support for its vision.
The core mission of DAWN is to address the high cost and limited availability of high-speed internet. Currently, 52% of Americans have only one option for a high-speed internet provider. DAWN aims to change this by empowering users to operate as network hosts, owning their gigabit internet infrastructure. This decentralized model allows individual homes to become infrastructure participants, bypassing traditional telecommunication and cloud companies.
By leveraging blockchain technology, DAWN enables a trustless system of exchange and provides proof of backhaul, ensuring reliable throughput capacity at each node. This innovative approach transforms the internet from a provider-owned model to a consumer-owned model, similar to how solar panels allow homes to generate and sell their electricity.
🔜 What's Next?
With the new funding, DAWN will launch its Chrome Validator System in collaboration with Witness Chain, allowing users to get involved immediately.
🎬 Take Action
Interested in supporting decentralized internet? Join the DAWN community and participate in the Chrome Validator System to help build a more accessible internet.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
